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<br /> ' 6orrower m�y curo ouch n dofauit cnd re,nofoto, �a provldod in parnpn:ph 18, by cau3lnfl iho actton or procccd'ng to bo - n=.�_�
<br /> ' � dlsmlo�cd edth n n:iln4 thot, In Lcndcr'n pood inith dctcrm!natlon, prccludcs foricituro oi tho �nrrowcr'o Intereat la tho Properry or �,� , a��;_
<br /> othcr m�tcd�l lmpal;mrnt of tho I!cn crestcd by ihlo Sccudty Inatrumcnt or Lc��dcrb oaurty intc•resL Boroe�cr ohc� cl�o ba li ��
<br /> deiault II Qortower, during lhe loan appilcatlon proccso, pavo rr.atcrla!y falao or Inaccumto In4omiatlon nr ataicmcnt3 flo Lc�d:r(or `�� _��y
<br /> iniied to provido Lender wlth eny material Intormatton) In cae�nectlon wlth iho toan ovidenced by tha Noto, Inc'unilnp, f�ul nat;Q►� ___
<br /> Ilmlted to, represenlatlona conceminfl Borroxdr's occupancy ot the Property ae a principal resldence. II thls Securiry
<br /> Inotrument Is on a leaeehold, BoRnwe►ahnll comply wlth ell the provlstone ot the loasa. it Bortowet acqulrea fee tltlo to the F► .
<br /> PropNty, the leasehold and the fea tlUe shai!noi merflo unlesa Lender a{�rees to the merper in wrftlnfl, � ., __
<br /> 7. Protection of Lsn�dsr'e Rights In the Propsrty. 11 Borrower teHs to portorm the covenente.nd agre�mente � :,,,. _
<br /> contalncd In this Securfty tn�tnm�ent, or thero Ia a legal procaeding that may signfflcantly nttect Lender'o rlghte In tho Property � �
<br /> (such es a procaeding in banfwptcy, probate, tor candemnatlon or to�feiture or to ent�rce tawo or rogutaUano),then La�der r+�ay p �! . � - - -
<br /> do and pay for whatever is necessary to protact tho vatuo of the Prope►ty and Lender's rlghte in the Property. Lende►'e acUona .� • ;7��,.
<br /> n_,=
<br /> muy Includo paying any aums socurod by e Ilen whinh has prto�ily over thls Socurity Inetrument, appearinp In couA, peying • ��.
<br /> rensonable ettomeys'teos and entering an tho Property to make repaire. Although Lender may take acUon undat thls pnragraph
<br /> � 7, Lendor does not have to do so. � "�° '
<br /> � My emounts disburaod by Lender under paragreph 7 shall becomo addltional debt of Borrower secured by this Securiry
<br /> Instrument.Unless Borrowcr nnd Lender epree to other terms of payment, these amounta shall bear Interest trom the date o1
<br /> disbursemert at lhe Note reta and shell be payable, with Interest, upon noUce hom Lender to Bortower requostinq payment. . .
<br /> 8. Mottgage I�su�atlC9. II Lender required mortgage insurance as a condiUon o1 making the Ioan securod by thls �
<br /> 8ecurlry Insdument, Borrower shall pay the premlums required to malntain the mortgaga Insurance in ettec� If.tor any reason,the ,�,_,
<br /> mortgage Insu►ance coverage requlred by Lender lapsea or ceases to be in ettect, HoROwer ahall pay the premluma requlred to � :
<br /> obtain coverage substantlaily equlvatent 4o tho mortpage Insurence previousty In ef(ect, at a cost substentially equNalent to the { �.
<br /> oost to BoROwer of the mortflago Insurance prevlously In eftoct, from an attemnte mortgage Insurer approved by Lender. II .Q� `
<br /> ;;-r:..�.,�,�y�.
<br /> substentlaly c3qutvalent mortgsge Inaurance covemge Is not avallable, Bortower shell pay to Lender each month a eum equal to . ,, �,rt
<br /> Q
<br /> onelwelfth oi the yearry mortgage Ineurance p►emlum belnp pald by Barrotilcr when the insurence cover�ge lapaed or ceasod to ,.�1�
<br /> be In etfect. Lender will sccept, use and retain thESe peyments as a lass roserve in Ileu of mortgago Ineurance. Losa reserve
<br /> payments muy no langer bo requlred, at the option ot Lender,ii mortgage insurance coverage (in the amount and tor the pertod 4 •.���'=-
<br /> that Lender requlros) pravided by en Insurer approved by Lender agaln becomes avu(lable end Is obtalned. Borrower ehell pay • , a_
<br /> the premiums tequlred to malntein mortgage Insurance in eftect, or to provldo n loss reserve, untll the requlrement lor mortgaga .
<br /> � Insurance ends In nccordance with any wdtten agreement between Borrower and Lender or epplicabla law. • ° ''i=--
<br /> 9. InapBCtio11. Lender or Rs agant may mnko reasonuble entrios upon and inspecttonu of the Property. Lender shall gNe �';
<br /> � Borrowor notice at the time of or prior to an Inspection spectfying reasonable cnuse tor the Inapection. �'•%,.�--__
<br /> ' 10. Co�demnatlon. The proceeds of any award or clalm for damages, direct or consequentlal, In connecllon wlth any , xn:-=—
<br /> condemnetlan or other taking oi any part of tha Property, or for conveyance In Ueu ot eondemnaUon, are hei+eby nsslgned and ;e•,��,,:,.
<br /> shall be pald to Lender. ai��'!
<br /> In the event of a totai tnking of the Property, tho proceeds shell bo applied to the auma secured by thls 9ecuriry +.�_... �_
<br /> Inatn�meM.whether or not then duo,with any excess pald to Borrower. In tho event of a partlal taking of tho Properly In whlch _j�- --
<br /> the tair markot valuo oi the PropeRy Immedlately be(ore the taking ia equat to or greater inan tha amouni �i ti'io o����o s�r.� : .�
<br /> by thle Sucudty Instrume�t immodlately before the teking, unless Bortower and Lender atherwlso agroe in wriUng, the suma ,
<br /> secu�ed by thls Security Instrument shall be reduced by the amount of tfio proceeda multipllod by tha followtng ir�ction: (a) the m
<br /> total emount o}tho suma secured immedletely before the taking, divided by (b) the falr market value of the Ptoperiy Immediately a, ..
<br /> betore the taWng. My balance shall be paid to Bortower,in the event of a partlal taWng of the Properry in whlch the talr marfcot �
<br /> value ot ihe Property Immedlatey before the teking is less than the emount of the sums secured Immediately before the tek(ng, ;. ;�
<br /> unleso BoROwer and Lender otherwlse agree In writing or unlesa applicable law otherwlse provldes, lhe proceeds shnll be � #,;� •-
<br /> applled to ihe suma secured by thls 9�cudty Inatrument whether or not the sums ere then due. •,�j
<br /> if tho I�roperty Is abandoned by Borrower,or if, after notice by Lender to Borrowet that the condemnor otters to make an ,
<br /> award or settle a clafm tor damegoo, 8ortower foils to respond to Lender within 30 days after the deto the noticeor ot tha I '���
<br /> Lender Is authorized to collact and eppy the proeeeds,at Its optlon, eitNer to restoraUon or repair of the Propc�ty �. .
<br /> sums sQared by this Securfty Instrument,whether or not then due. � �:.
<br /> Unless Lender end Borrower otherwlae agree In writing, any appltcutlon of proceed� to princ!pai shall not exte�zd or . ;
<br /> postpone the due date of the rnonthty payments referred to In paragraphs 1 and 2 or chenge the amount of such payments. �,�,>ti_,\
<br /> 11.Borrower Not Releasecl; Forbearance By Lender Not a Watver.Extension ot the time tor paymont or � �i.
<br /> modiiication ot nmortization of the sums secured by this Securfty Instrument grented by Lender to any auccesao� fn Interost of � ���� ,�..
<br /> Borcower ahan not operate to releasn the Ilebilily ot the original Borrower or Borrower's successors in Inter6st. Lender shail not ��
<br /> be requlred to commence proceedings agninst any ouccessor in Interest or refuse to extend time for payment or otherwise ,�?,�
<br /> modHy amortizetlon ot the sums secured by thls Securiry Instrument by reason of any demand made by the adginal Bortower or I (; •..4 ���
<br /> BoROwers successors in Interest. My forbearnnco by Lender In exerclsin9 any rlc�ht or remedy ehall not bo a wn{ver of or � ,1,A�: ��
<br /> preelude tho exerclse ot eny right or reenedy. ,. " �,
<br /> 12.Successors and Assig�s Bound; Joint and Sevoral Liebility; Co-slgner�s. rne covenancs and i �,�
<br /> agreements of this Socurity Instrument shall bind and beneflt the succesaore and assigns ot Lender and Bortawer,eubJect to the 1�, ��r�
<br />_ provlslons of pamgraph 17. Bonower's covenants and agreements shali be Joint end severul. Any Borrower who co-signs this I, % ;!��
<br /> Socudty Inatrument but does not oxecute the Notv: (e) Is co•signing thls 3ecurity Instrument only to mortgnge,grant and convoy �� .
<br /> � that Borrower's interest in the Properry under the terms of thls Secu�tly Instrument; (b) Is not personelly obl{geted lo p8y tho �.y ,
<br /> sums secured by this Socu�ity Instrument; and (c) agrees thot Lender and any other Borrower may agrao to extend,modity.
<br /> torbear a make any accommodations with regard to the tertns of this Security Instrument or the Note withaut that Borrower's I , � �
<br /> consent. '
<br /> 13. Loen Chatg88. It the loan secured by this Security Instrument Is subject to A IAW whlch sets maximum ioan , ;. �
<br /> cherges,and that Iaw Is tinally Interpreted so that tho Interast or other loun chnrges collected or to be collected in connectlon r ;
<br /> with tha loan oxcoed the pertnitted Iimfts,then, (a)any such Ionn chargo shall be reduced by tho emount nacessary to reduce
<br /> tho chargo to tho pertnitte�f Iimtt; ond (b) any sums ulready collected trom Borrowe� which exceeded pertnttted Iimits will bo F :
<br /> retunded to Bonower. Lender mny choose to mako this retund by reducing tha principal owed under the Note or by mnking a , �
<br /> dlreci payment to Bortower. 11 u refund reduces princlpal, the reduction wfll bo treated es o partial prepayment w(thout nny . �
<br /> ` �+ :
<br /> � prepnyment chargo under tho Note. � '
<br /> � 14.MOtia68.My notico to Borrower provlded }or In thls Scscu�iry Instrument shall bo given by delivering fE or by mailing it ,-���
<br /> � by 4rst dase mnti uniess epplicriblo law requlres use of another method. Tho notice shail be dirocted to the!'roperty Address _ ��i
<br /> - � . _ ! „ „�tio.na,i,oaa a�rrnwnr dn�lunates bv noUce to Lender. My notice to Lender shall be givnn by first class mafl to �
<br /> Lender's address statod hereln or any other address Lender designates by notico to Bortower. Any notice provlded Tor in th�s - -
<br /> Secudty In�tn�ment ahnil be deemed to have been glven to Bortower or Lendcr when given as provided In thls parngruph. -
<br /> ' 15� GOVerning l.[aw; SOVerebility. Thls Securily Instrument shall be govemed by fadcrel law and tho Inw ot the ..
<br /> ', jurisdictlon in whlch tho Property Is located. In the evenY that any provfslon or clause of thls Sacurity Instrument or the Note
<br /> contlicta with nppllcablo law, such eontlict shall not aitect other provislons of thls Security Instrument or tho NotC vrhich can be �
<br /> gHon eftect without tha contlicting provlslon. To thls end the provfslons of thls Security Instrument nnd the Note nro declArod to �� '
<br /> bo sovemblo. �
<br /> � � 18. Borrnkver's Copy. Borrower shall bo given ono contormed copy o1 the Note nnd of ihis Securiry Instrument.
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<br /> � • i F1�i6.LM0 ltOr34� Pagc 7 ot 5 /�- ��� "�L_
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